Top 10 Tips for Year-End Tax Planning
Does it feel like you just finished last year’s taxes? Well, believe it or not it’s almost time to do it again. Every year the tax laws and policies change, so each year you will have to be aware of these changes and additions. However, there are some things that never seem to change. With that in mind let’s review some of the top tax tips for year-end tax planning.
Gulf Oil Spill: Questions and Answers
Gulf Oil Spill: Questions and Answers Source: IRS.gov Posted: 7/2/2010 Q1. Is a taxpayer required to include in gross income payments the taxpayer receives for lost business income, lost wages or lost profits? A1. Yes. The law requires that a taxpayer include in gross income payments the taxpayer receives for lost business income, lost wages…
Free Money For College Students
Free Money For College Students College. Tuition, books, housing, computer, food, etc… Sound familiar? These items are just a few of the many frequent expenses encountered in a student’s college career. The government made education credits to try and offset these expenses by giving tax benefits to them. From a tax standpoint, Education credits have…
When Good Fortune Comes Your Way
When Good Fortune Comes Your Way Whether expected or not, an inheritance, divorce settlement, severance package or pension payout, proceeds from the sale of a business, life insurance, legal judgments, or even lottery winnings—all can put in your hands the equivalent of several years of earnings. Now you’re at a crossroads—suddenly called upon to switch…
Rising prices make inflation-protected securities more attractive
Rising prices make inflation-protected securities more attractive High oil and gasoline prices combined with trouble in the Middle East, saber-rattling by North Korea, and a slowing housing market have many investors worried anew about inflation. Inflation is an ugly creature; when it spins out of control, it can quickly erase gains built up over years…